Illustration by Mitchell Preffer for Decrypt

It was the eighth consecutive week of broader crypto market losses—although Bitcoin proved to be one of the more robust coins over seven days, taking just a 2% hit—but Crypto Twitter was comparatively quiet.

That didn’t stop “Pharma Bro” and convicted fraudster Martin Shkreli—infamous for raising the price of toxoplasmosis drug Daraprim by 5,000%—barely five days out of prison from hopping on a Twitter Space and divulging his views on crypto.

Shkreli called Ethereum creator Vitalik Buterin “full of shit” for his theory of the blockchain trilemma—a theory in which blockchain networks must make compromises in attempting to simultaneously balance security, scalability, and decentralization.

He called generative NFT collections like CryptoPunks and Bored Apes “retarded,” and said Web3 is just a “buzzword.”

The 39-year-old former hedge fund manager also denied that he was behind the Shkreli Inu shitcoin, though he claims to have received half the supply.

Elsewhere, Nick Johnson, a lead developer at Ethereum Name Service (ENS), announced on Monday that it’s been a record month. ENS is the blockchain equivalent of the Domain Name System, allowing users to register memorable wallet addresses composed of handpicked words, rather than the unwieldy string of random letters and numbers that traditionally characterize blockchain addresses.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed